State to fund energy finance program

The New York State Energy Research and Development Authority has announced plans to help finance innovative clean energy projects in the state.

Over the next two years NYSERDA will provide about $1 million to the Energy Improvement Corporation to fund its Energize NY Finance program. Energize NY provides long-term, market-rate financing for clean energy improvements for commercial and multifamily buildings.

Energize NY is meant to combine financing with community outreach to help overcome barriers to clean energy expansion.